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You're comparing breakfast to regulatory compliance for the financial system. Just think about that for a second...
by mym1990 4y ago
You're comparing breakfast to regulatory compliance for the financial system. Just think about that for a second...
- roenxi 4y agoBreakfast represents something like 10-30% of of a person's caloric intake, it is much more important than regulatory compliance in the financial system. We could adjust to poor compliance relatively easily (we did without formal compliance regimes for centuries). You seem to be underestimating breakfast. This is part of why I like the analogy; something being important is different from whether it is a legal necessity. Making it a legal necessity is what brings in the complaints about costs, not the cost of doing the thing itself. The cost is in proving compliance under all possible conditions. The complying act, as the thread ancestor I first replied to noted, is often cheap and generally already done as good practice.